Sanctuary Advisors LLC Makes New $754,000 Investment in BlackRock Floating Rate Income Trust $BGT

Sanctuary Advisors LLC bought a new stake in BlackRock Floating Rate Income Trust (NYSE:BGT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 68,578 shares of the investment management company’s stock, valued at approximately $754,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Floating Rate Income Trust by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,492 shares of the investment management company’s stock worth $253,000 after buying an additional 1,023 shares in the last quarter. CoreCap Advisors LLC boosted its stake in BlackRock Floating Rate Income Trust by 100.0% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after buying an additional 1,300 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in BlackRock Floating Rate Income Trust by 77.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,200 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,400 shares in the last quarter. Private Advisor Group LLC grew its position in BlackRock Floating Rate Income Trust by 7.0% in the first quarter. Private Advisor Group LLC now owns 21,731 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 1,423 shares during the last quarter. Finally, Invesco Ltd. grew its position in BlackRock Floating Rate Income Trust by 0.4% in the third quarter. Invesco Ltd. now owns 347,858 shares of the investment management company’s stock valued at $4,226,000 after acquiring an additional 1,517 shares during the last quarter.

BlackRock Floating Rate Income Trust Price Performance

Shares of NYSE BGT opened at $11.12 on Friday. BlackRock Floating Rate Income Trust has a 12 month low of $10.22 and a 12 month high of $12.52. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $10.85.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1203 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 13.0%.

BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.